SEOUL, Nov. 26 (Korea Bizwire) — Emart24, Shinsegae Group’s convenience store chain, is offering a one-month food guarantee service in December that offers customers a full refund if a food product tastes bad, as it plans to attract new customers and stimulate franchise activities. All refund costs will be paid by Emart24. The food guarantee [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s food and drug watchdog said Monday it has filed a response to Philip Morris Korea Inc.’s lawsuit over the disclosure of information on its research on harmful substances found in alternative tobacco products. The Ministry of Food and Drug Safety said it has selected a local law [...]
SEOUL, Nov. 23 (Korea Bizwire) — Managers of brick and mortar cosmetics shops are taking to the streets amid cutthroat competition with online stores. Some twenty managers staged a rally in front of the LG office building in Gwanghwamun on Thursday, complaining that online price competition is making their business intolerably difficult. “We want to [...]
SEOUL, Nov. 21 (Korea Bizwire) — A group of South Korean smartphone retailers on Wednesday protested against U.S. tech giant Apple Inc. for its practice of forcing them to purchase in-store tester iPhones. “Normally, most manufacturers provide all smartphones needed for display, which are collected later,” the Korea Mobile Distributors Association (KMDA) said in its [...]
SEOUL, Nov. 20 (Korea Bizwire) — Sales at South Korean duty-free stores rose 28.6 percent on-year last month, industry data showed Tuesday, despite a lingering row between Seoul and Beijing over a U.S. missile defense system. Sales of local duty-free operators came to US$1.44 billion in October, according to the data compiled by the Korea [...]
SEOUL, Nov. 20 (Korea Bizwire) — Mobile payments at South Korean convenience stores have more than doubled this year thanks to the greater use of smartphones and the expansion of mobile settlement services, a market player said Tuesday. South Korea’s top convenience store chain CU said the number of so-called easy mobile payments at its [...]
SEOUL, Nov. 20 (Korea Bizwire) — The bulk of Vietnamese consumers are positive about the design and image of South Korean goods, but many feel burdened by their high prices, a poll showed Tuesday. The survey of 2,000 Vietnamese people, taken by the Ho Chi Minh City office of the Korea International Trade Association (KITA), [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s mid-sized cosmetics companies suffered losses in the third quarter of this year as they strived to reform their business structures in the face of tough competition at home, industry sources said Sunday. Able C&C, which operates budget cosmetics brand Missha, swung to the red in the July-September [...]
SEOUL, Nov. 15 (Korea Bizwire) — An annual sale offered on November 11 by the Turkish edition of the popular Korean e-commerce website 11Street has become Turkey’s most popular “shopping day” just three years after it was first held. The website known as n11 (www.n11.com) revealed yesterday that it had recorded approximately 50 billion won [...]
SEOUL, Nov. 13 (Korea Bizwire) — So-called ‘idol sandwiches,’ known to be favored by certain K-pop stars, are selling like hotcakes at convenience stores. GS25, a major convenience store franchise, said that YouUs Idol’s Favorite Sandwich topped all food sales charts just two and a half months after its release, with more than 5 million [...]